This property looks like a bad Mid-Term investment with a projected -4.84% first-year return on $107k initial cash invested.
-4.84%
Cash On Cash
5.83%
Cap Rate
0.88
DSCR
$3,648
Rent
-$433
Cashflow
Cash Flow
$3,648 income − $4,081 expenses = $433 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,000
Closing costs
1%
$4,250
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,648
Total Expenses
$4,081
Mortgage P&I
64%
$2,351
Property Taxes
9%
$341
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401